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Rane and ZF create JV to introduce rack drive electric power steering to India
Industry News- Jan 06,25
Rane Group already shares over 35 years of a strong relationship with the ZF Group.
Rane and ZF Group have agreed to further strengthen their partnership by expanding the product portfolio within their joint venture, ZF Rane Automotive India Private Limited with plans to introduce rack drive electric power steering system technologies to the Indian market.
Additionally, Rane and ZF have entered into a license agreement for column drive electric power steering system technology to be used exclusively by Rane Steering Systems Private Limited for the Indian market.
Rane Group already shares over 35 years of a strong relationship with the ZF Group. By way of this collaboration, Rane and ZF will pioneer the next generation of steering technologies for the Indian market.
Harish Lakshman, Chairman, Rane Group said, “The enhanced collaboration with ZF marks a significant milestone in our journey towards offering the next generation of steering technologies to our customers in India. Together, we are bringing cutting-edge steering technologies to the Indian market, offering enhanced safety, comfort, and performance. Given our long history as a steering systems supplier, this collaboration enhances our commitment to offer the latest technology choices to the customer matching their requirements. This important initiative will position us as a complete steering systems supplier.”
Theodor Kaster, Head- Global Steering Product Line, ZF Group added, “With this new phase of strategic partnership ZF and Rane together intend to offer the full range of state-of-the-art electric power steering systems to our customers on the Indian market. We also bundle our engineering forces and offer a unique service to our customers with excellent know-how of modern mechatronic systems. I am looking forward to this new era of cooperation.”
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